Key Highlights
- Ripple released one billion XRP tokens in February through its monthly escrow program and returned 700 million to escrow storage.
- Major cryptocurrency platforms received approximately 309 million XRP, with Binance getting the largest allocation at 300 million tokens.
- The distributed tokens facilitated various investment vehicles, including exchange-traded funds and trust products.
- Payment liquidity channels received approximately 100 million XRP to support Ripple Pay cross-border transaction services.
- Two separate RLUSD stablecoin minting events produced 69 million and 19.655 million tokens, with Gemini receiving a portion for partnership activities.
Ripple conducted substantial XRP token movements throughout February following its scheduled monthly escrow release. Analysis from @XRPwallets revealed the distribution strategy behind the one billion token unlock. The comprehensive breakdown showed allocations across cryptocurrency exchanges, payment infrastructure, and various investment platforms.
Monthly Escrow Release and Platform Distributions
Ripple initiated its February escrow unlock by releasing one billion XRP tokens according to its established schedule. Following the release, the company returned 700 million XRP to escrow storage, as documented by @XRPwallets. This distribution methodology has remained consistent since the company began the practice in early 2018.
Throughout February, Ripple allocated approximately 309 million XRP across several prominent cryptocurrency platforms. Binance received the dominant share with 300 million XRP. Additional allocations included five million XRP to BitGo and four million XRP to Coinbase.
@XRPwallets indicated these platform transfers facilitated various XRP investment vehicles. The analysis stated that distributed tokens “eventually went to XRP ETFs, XRP trusts and other investments.” Blockchain data confirmed these movements reached designated exchange wallet addresses.
Ripple channeled approximately 100 million XRP toward Ripple Pay payment corridors. These corridors serve as liquidity sources for international payment transactions. The service evolved from what the company previously called On-Demand Liquidity.
The monitoring confirmed Ripple maintained identical escrow procedures in March. Another one billion XRP unlock occurred, followed by the return of 700 million XRP to escrow. @XRPwallets published both monthly updates through their X platform account.
Stablecoin Issuance and Exchange Partnership
@XRPwallets documented new issuance activity for Ripple’s RLUSD stablecoin. Data from @RL_Tracker showed Ripple created 69,000,000 RLUSD and 19,655,000 RLUSD during Monday’s minting operations. The monitoring service identified the 69 million issuance as the highest single RLUSD mint recorded to date.
The analysis revealed that the 19,655,000 RLUSD batch went to a wallet associated with Gemini exchange operations. @XRPwallets confirmed the wallet connection to the Winklevoss brothers’ trading platform. This transaction represented progress in the partnership agreement announced between Ripple and Gemini in November 2025.
Ripple and Gemini outlined plans to incorporate Mastercard and WebBank infrastructure into their collaborative framework. The partnership roadmap included RLUSD settlement implementation on the XRP Ledger for fiat-based card transactions. The Gemini XRP Credit Card emerged as the inaugural product from this alliance.
The partnership objectives centered on accelerating settlement processes and increasing transparency within conventional financial infrastructure. Gemini designed its system to handle card payment processing through RLUSD transactions on the XRP Ledger. @XRPwallets established a direct connection between the recent minting activity and this partnership framework.
Ripple has maintained its monthly escrow release schedule continuously since 2018. Both February and March saw identical patterns, with 700 million XRP returned to escrow after each billion-token unlock. @XRPwallets shared the most recent escrow and minting analysis earlier today.
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